BEN Closes Business Combination with DHC Acquisition

Brand Engagement Network said it closed its merger with DHC Acquisition. DHC shareholders approved the transaction March 5, although redemptions pulled the trust down to about $1.6 million from the roughly $22.2 million the SPAC held leading up to the vote.

Brand Engagement Network is expected to begin trading today on the under symbol BNAI for its common stock and BNAIW for .

BEN is a provider of personalized customer engagement AI technology and human-like AI avatars.

The deal was announced in September at a pro-forma enterprise value of $358 million.

DHC raised $300 million in an three years ago. Read more


Source: BEN Closes Business Combination with DHC Acquisition